Where to Buy Your First Bitcoins

Bitcoin is fairly a new currency. It is, therefore, understandable if you do not know where to buy the first bits of it.

The good news is that the challenge is now far less difficult than ever before. This is because the options of places where you can buy or even sell have grown both in diversity and density.

You no longer have to spend days looking for someone to sell you bitcoins. Not even hours.

At least, one of the following four places will always be readily available to you:

1. Friends and relatives

Now, more than ever before, you are likely to know someone who owns bitcoins or know someone who does. And what better way to acquire your first digital coin than from someone who is well known to you?

In the process, an acquaintance is always in a better place to guide you on how and where to spend them.

2. Localbitcoins

The Local bitcoin website has been of great service to those seeking to buy or sell bitcoins. It matches individuals interested in a bitcoin transaction who are within the same neighborhood, town or city. After initiating a contact with a seller on the platform, you can agree to meet physically and complete the transaction.

However, while using this channel, it is advisable always to remain conscious of your security. Only meet in public places and if possible have someone accompany you.

3. Exchanges

Perhaps the most popular way to buy bitcoins is to go through an exchange. This is an online platform where you can deposit money through your bank account or credit card and get bitcoins into your wallet in return..

The popular exchanges include Coinbase, Bitstamp and Cryptsy. The advantage of using such exchanges is the fact that they help you create a wallet through simple steps.

4. Bitcoin ATMs

Last but not least, you can buy bitcoins from a Bitcoin ATM. CoinOutlet is one of the leading Bitcoin ATM manufacturers. Its machines are easy to use and are KYC and AML compliant.The machines are located at strategic places such as shopping stores, airports and eateries.

If you would like to learn more about the process of using a Bitcoin ATM please click here.